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Moving from LA Boutique to NY PEHi, I'm an analyst in a big boutique in LA (think Moelis, Houlihan, Lazard, etc.) focused on M&A and LBO work. I'm desperate to move to NY after the end of my first year or my second year to a PE gig. Any recs on how to do this? Should I move to a different bank first? Seems like everyone wants ...
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Venture Capital & Private Equity: Casebook - differences between editions?Hi guys, just need help with a quick question: are the cases from the older editions included in the newer ones? or are they constantly refreshed? Am asking to figure if I should get the 4th or 5th edition. any other inputs on the book are most welcome, looking to purchase to learn more re the inves...
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Modeling debt paydown monthlyI am working in a 3-statement monthly operating model that sums 12 months into a consolidated yearly output. I have to take on a revolver and term loan one year into the model. Having trouble showing the debt paydown schedule because its by month. Any advice is much appreciated. ...
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BusDev - Private Equity. Is it worth it?Hey guys, I am taking an interview with a reputable middle market private equity firm for a pure business development role. I have some M&A experience under my belt, but am wondering what types of exit opps there are for this position. I don't want to paint myself into a corner where I am no l...
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Switching from Growth Equity > Buyout Private EquityDoes anyone have experience or know of anyone who has made the switch from a growth equity shop (think TA Associates / Summit) to a buyout shop? Even if it's doing 2 years pre-MBA associate at a growth equity fund > business school > buyout private equity. I know the skill set in growth equity...
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Which phone for workGuys, so basically my company (pe fund) asked me which phone I want to get for working stuff. What models would you guys recommend? I was looking at Nexus 5, HTC One M8... or should I get a Blackberry or iphone? thanks ...
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Best Self-Study Financial Modeling CourseHey guys, I'm starting FT at a boutique PE shop at the end of July. The firm is really new so I'll be the only analyst in the office. Needless to say, there is no formal training program so the partners have asked me to find a self-study financial modeling course. I have listed the three courses I'v...
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Best Study GuidesHello, I've been looking for a guide to practice my LBO and Growth equity modeling and case studies, as well as to learn the best ways to break into PE. I've found two guides, WSO and Mergers&Inquisitions, and it seems that the former has more on breaking in while the latter has more guides. Doe...
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PE Out of Undergrad?Background: Top-tier school, banking for two summers, interned at a top hedge fund. Beyond some mega-funds, what other PE funds are open to hiring undergraduates? I'm hoping to skip banking however possible. On another note, are there rankings on the best middle market PE firms? Haven't been able t...
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JD/MBA trying to break into PECurrently at Harvard/Stanford -- super interested in doing PE work, especially on the distressed debt/restructuring side of things. However, I did not do investment banking or PE before grad school. Instead, I worked at an F500 company on the M&A team covering strategy and operations. I've ha...
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From Humanities to PE?I'm a recent graduate of the University of Toronto, with an HBA in Philosophy and History. My whole life I was positive I wanted to go into law, hence my majors. My last year, doing prep for law school and talking with my parents friends (both lawyers so there was plenty of people to talk to) as wel...
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PE Fund Performance: Anyone Can Hit Top Quartile Once, but Consistently?To the community that works in PE (or VC, HF, etc.) I'm interested in hearing your perspective on what separates the wheat from the chaff when it comes to outperforming funds. Some may argue that when we look at a PE manager that consistently outperforms, what we are really seeing is an illusion cre...
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post money enterprise valuewhy is the post money EV/EBITDA multiple preferred over the pre money mulitple ...
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Startup PE Fund / Private Placement Structure I'm about to setup a fund that will buy stakes (both control and non-control) in a niche market my to-be partner has a great network, deal flow, and operational expertise in. I come in with the financial & business background (founded and managed a couple of single-digit $mm hedge funds, prop tr...
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Rice University, masters in Energy EconomicsHi all, I am starting this new thread to get further feed back/ opinions on the masters in Energy economics at Rice. Would you please comment with any pros or cons that come to mind. Do you think that its possible to get the degree there and get a job in a different state if I chose to do so? PE or...
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PE Due Diligence?I have heard that PE due diligence at a top consulting firm is a good way to exit to PE. Is this true? What does this job involve? Is it literally just due diligence? If so, how would that prepare you for PE...sounds incredibly boring! ...
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How does a PE exit if there is a lock-up period?Let's say a private equity can't exit an investment due to lock up. But they are satisfied with the return so far. What are their options? I remember something to do with convertible and options. But i don't understand it completely. Thanks ...
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PE NetworkingAlright.. So let me preface this as anyone who has seen me post before knows that I have been very pro-banking for a career. With that said I am really starting to consider life on the other side.. At least while I have the opportunity to recruit. I have started talking to headhunters and people in...
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No "on the job" modeling experienceSo I am currently in MATS with a big 4 and have been interviewing with I-banks and some small PEs lately. One (not surprising) question I always seem to get is about my experience with financial modeling. I have a lot of schooling on the subject from my graduate studies and I have done my own res...
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How can undergrad break straight into PE without OCR?Assuming that this is based on your own effort. And is this a good idea? ...
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How to make VP in Private EquityMod Note (Andy): This was originally posted 7/15/13. See his most recent post updating on his status (posted 5/26/15) here. A few weeks ago, I shut down my ThinkPad for the last time, turned in my security badge, and said farewell to my colleagues - and to PE and private equity interviews. I fou...
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Search fund intern interview prep?I have an interview later this week at a search fund for an unpaid internship and am wondering what I should study ahead of time? Haven't seen a lot on search funds on WSO. I'm worried because I haven't taken any accounting classes. I've only taken the lower division economics classes. Additional ba...
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Where can i find a multiple overview by industry?Hi everyone, I am looking for a place where I can find a quick and simple overview of the most recent multiples by industry? I do not work in investment banking and rarely used multiples in my job. However, I have experience in some interviews that you are asked what a specific multiple is for a cer...
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Questions from a top PE fund interviewHi everyone I went to a private equity interview a few weeks ago with a top PE fund. I did not get the job which I think was because i fucked up a few questions on valuation. So in order to be prepared for the next interview in the future I would like to have your help. Note I have a non-banker / n...
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Relativity Media Bankruptcy - Who's Getting Out Alive?Hey guys, So I'm sure you guys are aware of Relativity's painfully slow collapse over the last 6 months and yesterday was the day for Ryan Kavanaugh (CEO/Founder as well as industry douche bag) to finally pay his buddies over at Wall Street. I've been following the company since I entered the indust...
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